Wereldhave completes sale of carré vert office building in Paris

Wereldhave has successfully completed the sale of the "Carré Vert" office building in in Levallois-Perret (Paris). Carré Vert was sold for a net consideration of € 166m, which is € 5.4m or 3.4% in excess of the book value as at December 31, 2014. It represents a net exit yield of 4.5% and a weighted average lease term of 3.3 years.

Cushman Wakefield Capital Markets Group acted as advisor to Wereldhave in the context of a joint instruction with Jones Lang LaSalle.

The disposal of the Noda office building is expected to be completed mid-October. This office building was sold for € 185m net, which is € 8.9m or 5.1% in excess of the book value as at December 31, 2014.

For full press release, download the pdf below.

Press Release: Completion sale Carré Vert office building, Paris